PATRIMUNDO
InactivePATRIMUNDO was declared bankrupt on 11-05-2023 (Ondernemingsrechtbank Gent, afdeling Oudenaarde); the bankruptcy was closed for insufficient assets by judgment of 11-04-2024, published in the Belgian State Gazette on 18-04-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline20-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 09-01-2023, 22 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
22 d early
2021
165 d late
2020
218 d late
2019
284 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€-418k▼ 138%
2021 · €-175k
2019: €-117k
2020: €-198k
2021: €-175k
2019 → 2022
Total assets
€1.78M▼ 8.2%
2021 · €1.94M
2019: €2.17M
2020: €2.22M
2021: €1.94M
2019 → 2022
Net result
€-242k
2021 · €22k
2019: €328k
2020: €-81k
2021: €22k
2019 → 2022
Working capital
€163k▼ 52.6%
2021 · €344k
2019: €358k
2020: €296k
2021: €344k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-117k-€-198k▼ 69.4%€-175k▲ 11.3%€-418k▼ 138%
Operating result€379k-€-33k€69k€-189k
Net result€328k-€-81k€22k€-242k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €189k after €69k in 2021, the lowest result in the available series.
Key figures and ratios
Solvency
-23.4%▼
2021 · -9.0%
Current ratio
1.10▼
2021 · 1.21
Quick ratio
0.00▼
2021 · 0.11
Debt / equity
-5.27▲
2021 · -12.09
ROA
-13.6%▼
2021 · 1.2%
Debt
€2.20M▲
2021 · €2.12M
Debt ≤ 1 year
€1.62M▲
2021 · €1.60M
Debt > 1 year
€581k▲
2021 · €519k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1.94M€1.78M▼
Current assets29/58€1.94M€1.78M▼
Stocks and contracts in progress3€1.77M€1.78M▲
Stocks30/36€1.77M€1.78M▲
Amounts receivable within one year40/41€176k€6k▼
Trade receivables40€174k€6k▼
Other amounts receivable41€1k€459▼
Deferred charges and accrued income490/1€267€282▲
Equity and liabilities
Total equity and liabilities10/49€1.94M€1.78M▼
Equity10/15€-175k€-418k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-225k€-468k▼
Amounts payable17/49€2.12M€2.20M▲
Amounts payable after more than one year17€519k€581k▲
Other amounts payable178/9€519k€581k▲
Amounts payable within one year42/48€1.60M€1.62M▲
Financial debts43€1.18M€1.20M▲
Credit institutions430/8€1.18M€1.20M▲
Trade debts44€409k€426k▲
Suppliers440/4€409k€426k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€8k€10▼
Taxes450/3€8k€10▼
Income statement
Code20212022
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€170k
Other operating charges640/8€571€1k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€69k€-12k▼
Operating profit (loss)9901€69k€-189k▼
Financial income75/76B€5€20▲
Recurring financial income75€5€20▲
Financial charges65/66B€46k€54k▲
Recurring financial charges65€46k€54k▲
Profit (loss) for the period before taxes9903€22k€-242k▼
Profit (loss) for the period9904€22k€-242k▼
Profit (loss) for the period to be appropriated9905€22k€-242k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-225k€-468k▼
Profit (loss) brought forward from the previous period14P€-248k€-225k▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oudenaarde · PATRI- MUNDO BV ZUIDSTRAAT 2, 9600 RONSE · event 11-04-2024
2023
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · PATRIMUNDO BV ZUID- STRAAT 2, 9600 RONSE · event 11-05-2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 165 days late
30-06
Financial
Weakest financial yearnet €-242k ▼1181%
Net result drops to €-242k, the lowest in the series.
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 218 days late
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 284 days late
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 294 days late
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 26 days late
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
2016
12-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Lieve TEINTENIER FRANKLIN ROOSEVELT-
PLEIN 42/0002, 9600 RONSE |
11-05-2023 → present |
| Curator | KRISTOF DE
MULDER BRUGGENHOEK 1, 9620 ZOTTEGEM- |
11-05-2023 → present |